Factual giant Discovery Communications is eyeing further acquisitions following its purchase of 12 Nordic channels, Italian kids broadcaster Switchover Media and a stake in Eurosport.
Speaking on an investors call following the announcement of its fourth quarter financial results, Discovery chief executive David Zaslav said: “We’re only going to do an acquisition if we think we can grow as fast or faster, as well as having real strategic value for us. So we will continue to look. If we find assets that meet that formula, we’ll go ahead.”
Discovery saw total revenue rise 8% to US$1.2bn (£772m) in the quarter, although net income fell 33% to $224m (£144m) as a result of higher taxes and costs due to its acquisitions.
The company is also looking to launch two new channels in Sweden following its acquisitions of the SBS channels from ProSiebenSat.1 at the end of last year, as well as ramping up distribution of its TLC channel in the region.
Discovery Networks International president and chief executive Mark Hollinger said: “It’s about bringing all those assets together in a way they can really drive growth. I think that there is [opportunity] in Sweden where TLC has been a bit under-distributed and where the SBS portfolio is smaller than it is in the other markets, but we do have a chance for a new channel or two in the Swedish market, which would be terrific.”
This view was echoed by Zaslav, who said that it would continue its focus on rolling out channels internationally after it grew market share outside of the United States by 25% last year.
“If we can continue to grow our market share and continue to create an environment where we have the best creatives working with us to build our brands, you’re going to see a significant amount of growth because there’s more and more windows for our content, and there’s more and more platforms for us to put it,” he added.”